Holi Offer - Use Code HOLI24

Register Now

Banking Awareness Quiz

Published on Monday, October 10, 2016
banking awareness

Ques 1.
What are the RBI Guidelines for the development of Internet Rate Swaps  ?
(a) Banks can use IRS for hedging and Trading both
(b) MIFOR is a benchmark for IRS
(c) Under ISDA agreement Banks can opt for dual Jurisdiction i.e., Indian as well as common law 
(d) All of the above




Que 2.
Which of the following agencies is associated with the business of Insurance sector as a regulator ?
(a) NPCI
(b) IRDA
(c) SEBI
(d) AMFI




Ques 3.
The hundred rupee currency note in India bears the signature of :

(a) Finance Minister of India
(b) Prime Minister of India
(c) President of India
(d) Governor of the RBI



Ques 4.
Which of the following terms is not used in banking and Finance :
(a) Capital gain
(b) Plan Finance
(c) Market risk
(d) Apartheid


Ques 5.
Which of the following Rates/Ratios is not covered under the Monetary and credit Policy of the RBI :
(a) Bank Rate
(b)  Repo Rate
(c)  Cash Reserve Ratio
(d)  Exchange Rate of Foreign Currencies



Ques 6.
Thge largest Bank in  the world in the matter of number of branch offices :
(a) Banks of America NT & SA
(b)  State Bank of  India
(c) Barclays Bank
(d) Citi Bank



Ques 7.
"Hot Money" means :
(a) Money earned through illegal transactions
(b) money earned through speculative transaction
(c) money used to hoard scarce commodities
(d) Short-term  capital movements from one country to another seeking safety or, less often, higher rate of interest



Ques 8.
"Free zone" or "free trade zone" denotes:
(a) an area where there  are no restrictions of any kind on trading activities
(b) an area where there is free from any kind of taxes
(c) an area near a sea-port or airport in which goods can be imported duty free, if they are to be re-exported or used in the manufacture of goods for export
(d) an area where no licence is required for import of goods.


Ques 9.
Every bank wishing to commence banking business in India is required to obtain a licence from :
(a) Government if India, Ministry of Finance
(b) Government of India,Company Law Board
(c) Reserve Bank of India
(d) Registrar of Companies


Ques 10.
Financial literacy is a serious issue for RBI, because :
(a) It would enable better understanding of banking business
(b) With better understanding more and more people would utilize the banking serfices
(c) It would mean banks can do more business
(d) It would mean the maximum number of people

ebook store

About us

ramandeep singh

Ramandeep Singh is a seasoned educator and banking exam expert at BankExamsToday. With a passion for simplifying complex concepts, he has been instrumental in helping numerous aspirants achieve their banking career goals. His expertise and dedication make him a trusted guide in the journey to banking success.

  • Follow me:
Close Menu
Close Menu